The US tried to stop cartel money-laundering. It devastated mom-and-pop businesses instead

The US government implemented a new rule to prevent money laundering by cartels near the US-Mexico border. However, this move inadvertently hurt small, family-owned businesses that rely on money transfers from customers in Mexico. The rule change has caused these businesses to pay higher fees and face increased scrutiny, ultimately devastating their operations. This development highlights the unintended consequences of anti-money laundering efforts and the need for more targeted regulations.

Read the source report: The Guardian